The Financial Accounting Standards Board (FASB) is responsiblefor establishing accounting and reporting standards (i.e.,Generally Accepted Accounting Principles
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Question:
The Financial Accounting Standards Board (FASB) is responsiblefor establishing accounting and reporting standards (i.e.,Generally Accepted Accounting Principles (GAAP)). Which ofthe following statements about the FASB is TRUE:
Group of answer choices
It is an independent, private sector organization.
It is a Congressional Committee.
It is a committee of the American Institute of Certified PublicAccountants (AICPA).
It is an international organization based in Europe.
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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